UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
RIGEL PHARMACEUTICALS, INC.
---------------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
766559603
---------
(CUSIP Number)
October 14, 2005
----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
------------------------------------ ------------------------------
CUSIP No. 766559603 13G Page 2 of 17 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 582,900(1) (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
582,900(1) (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
582,900(1) (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.4% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 17
------------------------------------ ------------------------------
CUSIP No. 766559603 13G Page 3 of 17 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 582,900(1) (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
582,900(1) (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
582,900(1) (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.4% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 17
------------------------------------ ------------------------------
CUSIP No. 766559603 13G Page 4 of 17 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Associates, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 580,000(1) (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
580,000(1) (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
580,000(1) (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.4% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 17
------------------------------------ ------------------------------
CUSIP No. 766559603 13G Page 5 of 17 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. MultiQuant Fund, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,900 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,900 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,900 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 0.1% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 17
------------------------------------- ------------------------------
CUSIP No. 766559603 13G Page 6 of 17 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CR Intrinsic Investors, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 565,000(2) (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
565,000(2) (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
565,000(2) (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.3% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 6 of 17
------------------------------------- ------------------------------
CUSIP No. 766559603 13G Page 7 of 17 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CR Intrinsic Investments, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 565,000(2) (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
565,000(2) (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
565,000(2) (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.3% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 7 of 17
------------------------------------- ------------------------------
CUSIP No. 766559603 13G Page 8 of 17 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 210,000 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
210,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
210,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.9% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 8 of 17
------------------------------------- ------------------------------
CUSIP No. 766559603 13G Page 9 of 17 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Associates, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 210,000 (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
210,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
210,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.9% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 9 of 17
------------------------------------- ------------------------------
CUSIP No. 766559603 13G Page 10 of 17 Pages
------------------------------------ ------------------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,357,900(1)(2) (see Item 4)
OWNED BY ----- ----------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,357,900(1)(2) (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,357,900(1)(2) (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.6% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 10 of 17
Item 1(a) Name of Issuer:
--------------
Rigel Pharmaceuticals, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
1180 Veterans Boulevard
South San Francisco, California 94080
Items 2(a) Name of Person Filing:
---------------------
This statement is filed by: (i) S.A.C. Capital Advisors, LLC,
("SAC Capital Advisors") with respect to shares of common stock
("Shares") of the Issuer beneficially owned by S.A.C. Capital
Associates, LLC ("SAC Capital Associates") and S.A.C. MultiQuant
Fund, LLC ("SAC MultiQuant"); (ii) S.A.C. Capital Management,
LLC, ("SAC Capital Management") with respect to Shares
beneficially owned by SAC Capital Associates and SAC MultiQuant;
(iii) SAC Capital Associates with respect to Shares beneficially
owned by it; (iv) SAC MultiQuant with respect to Shares
beneficially owned by it; (v) CR Intrinsic Investors, LLC ("CR
Intrinsic Investors") with respect to Shares beneficially owned
by CR Intrinsic Investments, LLC ("CR Intrinsic Investments");
(vi) CR Intrinsic Investments with respect to Shares beneficially
owned by it; (vii) Sigma Capital Management, LLC ("Sigma Capital
Management") with respect to Shares beneficially owned by Sigma
Capital Associates, LLC ("Sigma Capital Associates"); (viii)
Sigma Capital Associates with respect to Shares beneficially
owned by it; and (ix) Steven A. Cohen with respect to Shares
beneficially owned by SAC Capital Advisors, SAC Capital
Management, SAC Capital Associates, SAC MultiQuant, CR Intrinsic
Investors, CR Intrinsic Investments, Sigma Capital Management and
Sigma Capital Associates.
Item 2(b) Address of Principal Business Office:
------------------------------------
The address of the principal business office of (i) SAC Capital
Advisors, CR Intrinsic Investors and Mr. Cohen is 72 Cummings
Point Road, Stamford, Connecticut 06902, (ii) SAC Capital
Management and Sigma Capital Management is 540 Madison Avenue,
New York, New York 10022, (iii) SAC Capital Associates, SAC
MultiQuant and Sigma Capital Associates is P.O. Box 58, Victoria
House, The Valley, Anguilla, British West Indies and (iv) CR
Intrinsic Investments is P.O. Box 174, Mitchell House, The
Valley, Anguilla, BWI.
Page 11 of 17
Item 2(c) Citizenship:
-----------
SAC Capital Advisors, SAC Capital Management, CR Intrinsic
Investors and Sigma Capital Management are Delaware limited
liability companies. SAC Capital Associates, SAC MultiQuant, CR
Intrinsic Investments and Sigma Capital Associates are Anguillan
limited liability companies. Mr. Cohen is a United States
citizen.
Item 2(d) Title of Class of Securities:
----------------------------
Common Stock
Item 2(e) CUSIP Number:
------------
766559603
Item 3 Not Applicable
Item 4 Ownership:
---------
The percentages used herein are calculated based upon the Shares
issued and outstanding as of July 29, 2005 as reported on the
Issuer's quarterly report on Form 10-Q filed with the Securities
and Exchange Commission by the Issuer for the quarter period
ended June 30, 2005.
As of the close of business on October 25, 2005:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 582,900(1)
(b) Percent of class: 2.4%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 582,900(1)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
582,900(1)
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 582,900(1)
(b) Percent of class: 2.4%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 582,900(1)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
582,900(1)
Page 12 of 17
3. S.A.C. Capital Associates, LLC
(a) Amount beneficially owned: 580,000(1)
(b) Percent of class: 2.4%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 580,000(1)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
580,000(1)
4. S.A.C. MultiQuant Fund, LLC
(a) Amount beneficially owned: 2,900
(b) Percent of class: Less than 0.1%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 2,900
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 2,900
5. CR Intrinsic Investors, LLC
(a) Amount beneficially owned: 565,000(2)
(b) Percent of class: 2.3%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 565,000(2)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
565,000(2)
6. CR Intrinsic Investments, LLC
(a) Amount beneficially owned: 565,000(2)
(b) Percent of class: 2.3%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 565,000(2)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
565,000(2)
7. Sigma Capital Management, LLC
(a) Amount beneficially owned: 210,000
(b) Percent of class: 0.9%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 210,000
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 210,000
8. Sigma Capital Associates, LLC
(a) Amount beneficially owned: 210,000
(b) Percent of class: 0.9%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 210,000
(iii) Sole power to dispose or direct the disposition: -0-
Page 13 of 17
(iv) Shared power to dispose or direct the disposition: 210,000
9. Steven A. Cohen
(a) Amount beneficially owned: 1,357,900(1)(2)
(b) Percent of class: 5.6%
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,357,900(1)(2)
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
1,357,900(1)(2)
(1) The number of shares reported herein includes options held by
SAC Capital Associates on 100,000 Shares.
(2) The number of shares reported herein includes options held by
CR Intrinsic Investments on 200,000 Shares.
SAC Capital Advisors, SAC Capital Management, CR Intrinsic
Investors, Sigma Capital Management and Mr. Cohen own directly no
Shares. Pursuant to investment agreements, each of SAC Capital
Advisors and SAC Capital Management share all investment and
voting power with respect to the securities held by SAC Capital
Associates and SAC MultiQuant. Pursuant to an investment
management agreement, CR Instrinsic Investors maintains
investment and voting power with respect to the securities held
by CR Intrinsic Investments. Pursuant to an investment management
agreement, Sigma Capital Management maintains investment and
voting power with respect to the securities held by Sigma Capital
Associates. Mr. Cohen controls each of SAC Capital Advisors, SAC
Capital Management, CR Intrinsic Investors and Sigma Capital
Management. By reason of the provisions of Rule 13d-3 of the
Securities Exchange Act of 1934, as amended, each of (i) SAC
Capital Advisors, SAC Capital Management and Mr. Cohen may be
deemed to own beneficially 582,900(1) Shares (constituting
approximately 2.4% of the Shares outstanding); (ii) CR Intrinsic
Investors and Mr. Cohen may be deemed to own beneficially
565,000(2) Shares (constituting approximately 2.3% of the Shares
outstanding); and (iii) Sigma Capital Management and Mr. Cohen
may be deemed to own beneficially 210,000 Shares (constituting
approximately 0.9% of the Shares outstanding). Each of SAC
Capital Advisors, SAC Capital Management, CR Intrinsic Investors,
Sigma Capital Management, and Mr. Cohen disclaim beneficial
ownership of any of the securities covered by this statement.
Page 14 of 17
Item 5 Ownership of Five Percent or Less of a Class:
--------------------------------------------
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. [ ]
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
---------------------------------------------------------------
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
---------------------------------------------------------
Acquired the Security Being Reported on By the Parent Holding
-------------------------------------------------------------
Company:
-------
Not Applicable
Item 8 Identification and Classification of Members of the Group:
---------------------------------------------------------
Not Applicable
Item 9 Notice of Dissolution of Group:
------------------------------
Not Applicable
Item 10 Certification:
-------------
By signing below the signatory certifies that, to the best of his knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
Page 15 of 17
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. MULTIQUANT FUND, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
CR INTRINSIC INVESTORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 16 of 17
CR INTRINSIC INVESTMENTS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
SIGMA CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
SIGMA CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 17 of 17